Downgrade of Brazil Oil Giant Stirs Wider Concern

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Will Connors And Paulo Trevisani SÃO PAULO--A decision by a major credit-rating firm to downgrade to junk status the debt of Petróleo Brasileiro SA is stoking fears that Brazil's sovereign rating could be next. Moody's Investors Service late Tuesday ...

Downgrade of Brazil Oil Giant Stirs Wider Concern

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Will Connors and Paulo Trevisani SÃO PAULO--A decision by a major credit-rating firm to downgrade to junk status the debt of Petróleo Brasileiro SA is stoking fears that Brazil's sovereign rating could be next. Moody's Investors Service late Tuesday ...

Net trade surplus at SEK 3.5 billion in January

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

Statistical news from Statistics Sweden 2015-02-26 9:30 AM Nr 2015:540 Exports, imports and net trade balance, January 2015: Net trade surplus at SEK 3.5 billion in January In January 2015 Swedish exports of goods amounted to SEK 89.5 billion, while ...

Oil Drops as Markets Weigh Demand Signals, U.S. Supply

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Eric Yep Crude-oil futures fell in Asian trade Thursday, after strong grains in the previous trading session, as investors weighed indications of stronger demand and steadily rising U.S. oil supplies. On the New York Mercantile Exchange, light, sweet crude ...

Google Melds European Operations Under Single Executive

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Alistair Barr And Sam Schechner Google Inc. pulled its European operations under a single executive to better align the business with large customers and develop more unified responses to rising regulatory pressure in the region. Google said it merged ...

Italian Economy Ministry Sells 5.74% of Enel for EUR2.2 Billion

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Deborah Ball ROME--Italy's Economy Ministry said Thursday that it has sold 5.74% of electricity untility ENEL SpA (ENEL.MI) for EUR2.2 billion ($2.5 billion). The Italian govenrment is in the process of selling off some state-owned assets. The sale of ...

Ukraine Reverses FX-Purchase Ban

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

Ukraine's central bank abruptly reversed a far-reaching ban on foreign-currency purchases Thursday, one day after imposing the measures in an attempt to halt the hryvnia currency's free fall. In a decree published on its website, the National Bank of Ukraine ...

Correction to Iberdrola Story

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

Iberdrola, which is offering one share in its U.S. unit and $10.5 for each UIL share, said it plans to fold the New Haven, Connecticut-based firm into its local unit, Iberdrola USA.("Iberdrola Buys U.S. Power and Gas Distributor UIL -- ...

MARKET SNAPSHOT: S&P End Little Changed; Dow Ekes Out Record Close

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Hewlett-Packard skids 9% after earnings miss NEW YORK (MarketWatch)--U.S. stocks ended Wednesday's choppy session virtually unchanged. But the Dow Jones Industrial Average eked out a small gain to close at a fresh record. ...

U.S. Durable-Goods Orders Rose in January--Update

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Josh Mitchell WASHINGTON--Demand for big-ticket manufactured goods rebounded last month, suggesting factories are poised to ramp up production after a winter lull. Orders for durable goods--products like refrigerators and cars designed to last at least three years--rose a seasonally ...

India Looks for Budget to Deliver on Promises

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Raymond Zhong NEW DELHI--Indian Prime Minister Narendra Modi's government releases its first full-year budget on Saturday amid concerns that the nine-month-old administration has so far promised much more than it has delivered in its campaign to revive the economy. ...

Germany Expected to Back Greece Extension -- Update

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Harriet Torry BERLIN--German lawmakers are set to approve a four-month extension of Greece's bailout on Friday despite mounting irritation in Berlin at the tone of the left-wing government in Athens. German Finance Minister Wolfgang Schäuble spoke out in support ...

Slovak FinMin Calls On France to Keep Its Fiscal Reform Drive - Report

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Leos Rousek BRATISLAVA--France needs to continue its economic reforms to meet European Union fiscal rules, Slovakia's finance minister, Peter Kazimir, said Thursday, according to Sita news agency. Mr. Kazimir and Michel Sapin held talks in the Slovak capital after ...

U.S. Jobless Claims Rise to 313K

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

WASHINGTON--The number of Americans seeking first-time unemployment benefits rose last week, a sign the labor market may have lost some steam after last month's solid job growth. Initial jobless claims rose by 31,000 to a seasonally adjusted 313,000 in the ...

China's Coal Consumption Falls 2.9%

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

BEIJING--China's coal consumption and production in 2014 fell from a year earlier, marking the first decline in 14 years as Beijing tries to pivot the world's largest energy consumer toward a long-term reduction in coal dependence. Data from the National ...

Ukraine Dials Back on Latest Attempt to Stop Currency Fall-- 4th Update

TODAY: Feb. 26, 2015 PUB DATE: Feb. 26, 2015

By Alexander Kolyandr And James Marson Ukraine's central bank abruptly reversed a broad ban on foreign-currency purchases Thursday, a day after imposing the measures in an attempt to halt the hryvnia's free fall. Prime Minister Arseniy Yatsenyuk had criticized the ...